Reported 11 months ago
US labor costs for the first quarter were revised down as economic output and hours worked were weaker than initially reported. Unit labor costs rose at a revised 4% annual rate, lower than the initial 4.7%, with year-on-year costs up 0.9%. The Federal Reserve aims for lower labor costs through increased productivity, seen through efficiency gains or technological improvements. However, the report showed labor costs rose at a slower pace due to decreased output, affecting real hourly compensation. Companies are focusing on efficiency amidst high interest rates, while productivity and compensation figures for the first quarter were also revised downwards.
Source: YAHOO
Reported 11 months ago
The United States men's national team will face Colombia in a friendly match, serving as a crucial preparation for the upcoming Copa America, with Colombia currently in fine form boasting wins over top teams like Brazil and Germany. The match on Saturday presents a rare chance for the US to secure a victory against a strong international side, with Colombia's impressive unbeaten streak and talented roster posing a significant challenge. The game will take place at Commanders Field in Maryland; kick-off at 5:30pm ET with live coverage on Universo, Telemundo, and Peacock streaming platform.
Source: YAHOO
Reported 11 months ago
Experienced travelers often opt not to check in luggage to avoid delays, difficulty in identification, or concern about it not reaching its destination. Some passengers choose to add personal markings on their luggage for easier identification, but a baggage handler at an Irish airport revealed that this common practice can actually cause delays in delivering luggage. The use of bright-colored ribbons, luggage tags, or other accessories may cause issues during scanning at the baggage hall, potentially leading to manual handling and missed flights. The handler advised removing old stickers from luggage to avoid confusion during scanning.
Source: YAHOO
Reported 11 months ago
Bitcoin miner Core Scientific Inc. has rejected an unsolicited $1 billion takeover offer from artificial intelligence startup CoreWeave Inc. despite a recent partnership projecting $3.5 billion in revenue. Core Scientific is a major digital-asset miner with the ability to convert data centers into high-performance computing facilities for generative AI applications. The rejection caused Core Scientific's shares to surge 16% to $8.30 and the company has identified significant HPC capacity, making it a top digital infrastructure provider. The rejection was due to the board deeming the proposal undervalued the company and did not align with shareholders' best interests.
Source: YAHOO
Reported 11 months ago
SpaceX的巨型Starship火箭進行了第四次測試飛行，成功返回地球，沒有爆炸。這是世界上最大最強大的火箭的第四次發射，幾乎高達400英尺（121米）。前三次飛行演示都以爆炸告終，但這次，火箭和太空船成功地控制地著陸在海洋中，這次一小時的飛行是迄今為止最長且最成功的。SpaceX的目標是最終重複使用這枚火箭，NASA和埃隆·馬斯克寄希望於它送人類到月球，然後前往火星。
Source: YAHOO
Reported 11 months ago
Source: BARRONS
Reported 11 months ago
U.S. worker productivity growth for Q1 of 2024 was revised down to 0.2%, lower than the initial estimate of 0.3%. Unit labor costs also rose less than previously thought at a rate of 4.0%, down from the initial estimate of 4.7%. Despite exceeding market expectations, the revision is unlikely to prompt Federal Reserve rate cuts in the near term as productivity growth slowed in the first quarter.
Source: YAHOO
Reported 11 months ago
The number of Americans applying for jobless claims increased slightly last week to 229,000, up from 221,000 the previous week, according to the Labor Department. Despite this rise, layoffs in the US labor market remain at healthy levels. The Federal Reserve's efforts to combat high inflation and the impact on the labor market have not resulted in a recession, as consumer demand remains strong. However, there have been recent job cuts announced by companies like Alphabet, Apple, eBay, Walmart, and others, contributing to a total of 1.79 million Americans collecting jobless benefits as of May 25.
Source: YAHOO
Reported 11 months ago
TheStreetAnalyst unveils Tesla stock price target before Q2 deliveries. Despite a decline in Tesla shares this year, an analyst sees potential for a stronger second half with the production ramp-up of the Cybertruck and the launch of the long-delayed robotaxi. Challenges such as a global EV demand slump, competition in China, and supply-chain issues impacting deliveries are highlighted. Analysts predict a 3% year-over-year growth for Tesla, with second-quarter delivery estimates slightly reduced. Tesla shares dropped 0.36% in premarket trading, contributing to a 30% decline in 2024.
Source: YAHOO
Reported 11 months ago
After purchasing a Tesla Cybertruck that didn't fit in his new parking spot, a man in Salt Lake City faced difficulties returning the vehicle as per the Tesla Vehicle Order Agreement, which included a $50,000 fine and potential ban from buying future Teslas for selling the EV within the first year. Despite feeling the situation was unfair, the owner expressed compliance with Tesla's decision and is awaiting a response after appealing. The incident raises questions about fairness and justification for such consequences tied to selling the large and impractical vehicle.
Source: YAHOO
Reported 11 months ago
Weekly jobless claims in the US rose by 8,000, reaching 229,000 for the week ending June 1, while unit labor costs in the first quarter were revised down, showing slower growth than previously estimated. Continuing claims also increased slightly. Economic data also showed a decline in job openings in April, with fewer job cuts announced in May compared to last year. Additionally, US trade deficit widened in April due to increased imports, likely impacting economic growth in the second quarter.
Source: YAHOO
Reported 11 months ago
The European Central Bank (ECB) has cut interest rates by a quarter-point for the first time in five years at its governing council meeting in Frankfurt, lowering borrowing costs across the eurozone from 4% to 3.75%. This move follows the central banks of Canada, Sweden, and Switzerland in cutting rates, moving ahead of the Federal Reserve, and raising its inflation forecasts for this year and 2025. The ECB's battle against high inflation has seen progress, with inflation now just above the 2% target at its lowest point since July 2021.
Source: YAHOO
Reported 11 months ago
Source: INVESTORS
Reported 11 months ago
Zamp, a Brazilian restaurant chain operator backed by Abu Dhabi's Mubadala, has agreed to purchase the rights to operate the Starbucks brand and some stores in Brazil from SouthRock, which has been under bankruptcy protection. The deal worth 120 million reais involves a competitive process due to SouthRock's bankruptcy, with approvals required from Brazil's antitrust watchdog and the court. This move caused Zamp's shares to surge and marks its expansion into managing Starbucks cafes in the country, pending final agreements and approvals.
Source: YAHOO
Reported 11 months ago
在2024年上半年股市強勁的情況下，花旗銀行財富管理部門表示，此趨勢將持續至年底，並擴展至市場的較安靜領域。該集團預測，S&P 500等權重指數可能很快會超越以市值加權的基準S&P 500指數。他們認為，除了大型科技公司之外，其他公司的經濟實力和利潤增長有望在今年下半年拓寬股本回報。花旗財富還看到全球盈利恢復，可能提振美國以外的股市。
Source: YAHOO
Reported 11 months ago
以MIT畢業生的身份回到該校，Yida Gao飾演多角色，包括教授、金融機構工作人員以及區塊鏈風險投資基金的創辦人。儘管他募資2億美元並受到知名投資人支持，卻曝出操守疑問導致未來陷入危機。Gao曾被福布斯30位30歲以下人士榜格列斯》提及以及創立自己的區塊鏈專注風險投資公司Shima Capital。然而，由於公司投資評估方式等問題曝光，他還需要面對投資人、前員工離職及法規問題等挑戰。
Source: YAHOO
Reported 11 months ago
Canada's trade deficit decreased to C$1.05 billion in April from C$1.99 billion the previous month, as energy and gold exports surged. The country saw a 2.6% increase in total exports, with energy products and unwrought gold leading the way. Meanwhile, imports grew by 1.1%, driven by higher shipments of motor vehicles and parts. However, a decline in import volumes for consumer goods like clothing and footwear hints at weaker consumer demand for the second quarter. Economists are optimistic about potential positive GDP growth contributions from net trade in the coming months, particularly with the recent opening of the Trans Mountain pipeline extension that could boost energy export volumes.
Source: YAHOO
Reported 11 months ago
Zhiyun, a new teppanyaki brand by Xiangbin Group, is launched at the high-altitude dining venue, Honghui i-Tower, 38th floor in New Taipei City. The restaurant focuses on the concept of 'time' to create a unique teppanyaki menu. From luxurious atmospheres to exclusive birthday surprises, Zhiyun offers a high-value dining experience. With 10 exquisite teppanyaki dishes and breathtaking sky views, the space features window seating overlooking the skyline, as well as three private dining areas for a premium dining ambiance. The menu includes dishes like 'Formosa,' 'Twin Dance,' 'Embracing the Sea,' 'Slow Sea and Mountain,' 'Golden Scales and Allure,' 'Mellow Richness,' 'Ripple,' 'Full Harvest,' and delightful desserts like 'Young Soul' and 'Slightly Tipsy Late Night,' offering a unique blend of flavors and textures. Lunch is priced at NT$2680+10% while dinner is NT$3280+10%, aiming to redefine premium teppanyaki dining with fine dining spirit.
Source: YAHOO
Reported 11 months ago
European stocks closed near an all-time high following a historic interest rate cut by the European Central Bank. The Stoxx 600 Index rose by 0.7%, almost surpassing a record close in May. Sectors like banks and health-care outperformed, while real estate and utilities lagged. The ECB raised projections for prices, hinting at a possible rate cut in September despite traders no longer fully pricing in another cut by October. This move signals continued support for the region's equities amid a backdrop of easing inflation and improved economic growth.
Source: YAHOO
Reported 11 months ago
During Boeing's first test flight to the International Space Station with astronauts, the company's Starliner capsule faced helium leaks, thruster problems, and docking delays. Despite the challenges, NASA test pilots successfully docked the capsule and entered the space station. Boeing plans to keep the Starliner at the station for at least eight days before guiding it back to Earth. The propulsion issues encountered were deemed manageable, and no safety concerns were raised for the astronauts or the mission.
Source: YAHOO
Reported 11 months ago
Source: NBCSPORTS
Reported 11 months ago
The European Central Bank (ECB) cut interest rates for the first time in five years to 3.75% in an effort to combat inflationary pressures. However, the ECB's future monetary policy remains uncertain due to lingering wage and price pressures. While an easing cycle is expected, the ECB is taking a cautious, data-dependent approach. Some policymakers anticipate a pause in July before potential rate cuts in September and December. Despite strong domestic price pressures and elevated wage growth, the ECB remains vigilant about future inflation outlook, with external factors such as the U.S. Federal Reserve's decisions also influencing its monetary policy stance.
Source: YAHOO
Reported 11 months ago
歐洲央行降息，雖即將公布更多信息。該行通過對存款利率進行了四分之一的降息，將其降至3.75%，並提高了物價預測，但並未承諾採取特定利率路徑。新的貨幣政策舉措可能有助於振興疲態了兩年的20國經濟，並使歐洲央行超前於美聯儲和英國央行緩解貨幣政策。盡管歐洲央行行長拉加德上個月宣布通脹“在控制之中”，但最新數據表明持久價格壓力可能會限制進一步降息的空間。
Source: YAHOO
Reported 11 months ago
The Los Angeles Lakers are targeting Dan Hurley, the coach who led UConn to consecutive NCAA national championships, as their next head coach to replace Darvin Ham. With a reputation for tactical prowess and player development, Hurley is seen as the top choice for the Lakers, who are offering him a lucrative, long-term deal. Hurley's ability to develop talented young players aligns with the new league rules, which emphasize player development over relying solely on star players.
Source: YAHOO
Reported 11 months ago
Investing in the stock market is a great way to build wealth, and for beginners with no experience, buying the Vanguard S&P 500 ETF is recommended. This ETF tracks the S&P 500, providing exposure to a diverse range of leading U.S. companies. With a history of strong annualized returns and a low expense ratio of 0.03%, the Vanguard S&P 500 ETF offers a cost-effective and reputable investment option for individuals looking to start investing without any prior knowledge or experience.
Source: YAHOO